Compliance Officer

**Compliance Officer - Spain**:
**About Citco**

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

**About the Team & Business Line**:
The Citco Group Compliance function drives for best practice and highest ethical standards, providing technical support to the business functions, identifying and reducing/minimizing operational compliance risk across the business functions and continually developing key processes in line with Spain financial industry and regulatory changes.

The Citco Group of Companies provides a broad range of financial services through its business divisions and the main one in Spain is:

- Governance Services as provider of accounting, domiciliary and corporate services to commercial companies mainly focused on real state.

The role will be acting as a KYC/AML officer in Spain reporting to the Managing Directors and to the Citco Group Compliance.

**Your Role**:

- Writing procedures, developing forms, keeping such procedures and forms up to date with new developments;
- Keeping informed as to present and future legislation and regulatory developments in the jurisdiction;
- Informing Management and the KYC/AML & Operations Control Management in a timely manner as to legislative and regulatory developments including expected impact on the office;
- Keeping informed about local and international developments;
- Providing training and or arranging for training to employees as to policy, legislation and procedures;
- Handling KYC onboarding procedure for new clients, according to Citco KYC due diligence standards and regulatory requirements;
- Reviewing KYC records as to completeness including verifying that due diligence has been performed according to Citco KYC due diligence standards and regulatory requirements;
- Maintaining an instant overview of complete and incomplete KYC records and monitoring the actions taken to complete KYC records;
- Ensuring the confidentiality and KYC information security from customers and Compliance's matters;
- Clearing and/or verifying possible matches as generated by Fircosoft system assisting in scanning the Citco databases against lists of undesirables persons;
- Monitoring clients and their activities who are identified for such actions;
- Maintaining a database of relationship having a PEP/Bankers as beneficial owner and securing that approvals for such relationships are timely obtained in the manner as established;
- Securing that all client relationships are risk rated as per established procedure;
- Receiving and handling internal reports of unusual or suspicious transactions as per the procedures developed;
- Receiving and subsequently assessing suspicious or unusual transactions for potential reporting, and reporting when necessary; this includes performing investigation including file review;
- Controlling of processes around accepting, re-activating, transferring in and out, liquidating and terminating relationship;
- Coordination and preparation of information requirements regarding annual AML external audit;
- Preparation of minutes, reports, memory, etc. for internal Compliance Committee's meetings;
- Monthly and quarterly KYC/compliance reporting;
- Maintaining the Compliance file: the requirements of the Compliance file, which documents the office's efforts as to money laundering and terrorist financing prevention.
- Keeping and maintaining client’s data up to date in the internal KYC tool (_ViewPoint_)
- Risk management duties:

- Management of Risk Management Portal report on open incidents/action plans;
- Risk & Control Self-Assessment;
- Reviewing and updating the criminal prevention plan;
- On-going controls and self-testing
- Assisting the team during the billing periods with invoices.

**About You**:

- You have a degree in Law, Economics or Management, with at least 5 years related work experience in Spain in AML/CTF functions.
- An AML/CTF certification will be a plus.
- Work experience on Know Your Customer and due diligence process.
- You have sound regulatory compliance knowledge of service providers;
- You have an understanding of the Real Estate Industry.
- You are an excellent communicator (fluency in English is necessary).

**Our Benefits**

Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.